Tractor trailer sales and service company Maudlin International has increased expansion plans for a new Orlando repair facility, is evaluating lenders for the $14 million project and should start site work by February, the company's president told GrowthSpotter.
Located at 2200 S. Division Ave., the 8-acre parcel lies a few hundred yards from the company's Orlando sales and repair facility at 2300 S. Division Ave.
The property, set between W. Kaley and W. Grant streets and east of Interstate 4, is the former Merita Bread industrial site.
The company first submitted a Development Plan for Orlando planners' review back in March, which at the time was for a 77,500-square-foot building with a truck service shop, parts warehouse and two-story office.
The new facility's size has been revised upward in recent months to 84,000 square feet, with total investment now estimated near $14 million, up from a $7 million initial estimate, said president John Maudlin.
"With this expansion, we will be able to better serve our customers," he said. "It will be our intent to add 20 to 30 new jobs as business dictates."
The developer filed for permits with the St. John's River Water Management District on Dec. 8.
The City of Orlando is now reviewing the project's construction plans, which Maudlin said should face just a few more alterations before earning final approval and a building permit in the next 30 days.
Maudlin will begin the project with the relocation of a sewer line, expected to start in late January or early February. Vertical construction is forecast to break ground March 2017, with eight to 10 months for completion.
Maudlin International is still in the process of interviewing commercial lenders for a construction loan to help finance the project, and aims to have that lender chosen within 45 days, Maudlin said.
Regarding the company's current sales and repair facility at 2300 S. Division Ave., Maudlin said no decision has been made yet on what he'll do with that property.
The property for the new facility is already owned by an affiliate of John Maudlin, Tide Real Estate Holdings 1, LLC, which paid $3.3 million in late October 2014.